Mechanicville Esplanade project gets bigger, costlier

Developers eye 339 apartments, less retail

Officials are counting on the planned Esplanade apartment complex in Mechanicville, shown in this 2013 artist rendering, to help relieve fiscal stress cited in a new report by state Comptroller Thomas DiNapoli.

The long-awaited Esplanade project that Mechanicville city officials hope will help revitalize downtown may have more apartments and a bigger price tag. Developers plan to build 339 apartments rather than the 225 previously approved. The additional housing units along the Hudson River at the north end of the city would replace most of the 37,000 square feet of retail space that was originally planned. Because of the change, the project’s cost is increasing from $41 ...

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